Demand for the lumber of black cherry trees is in incredibly high demand globally. The reddish-pink color of the wood gives it a stunning appearance for a wide array of wood products. Moreover, it is an easily-workable wood that is highly desired by woodworkers.
Despite its desirability, cherry is a relatively rare species in U.S. forests, accounting for only 0.3% of commercial timber volume.
This combination for high demand and low supply make black cherry trees worth more than most other species. Generally rated as the fourth most valuable timber species in the U.S., prices for black cherry lumber range from about $3,333 to $10,000 per cubic foot.